BTCUSD ShortsShort
Bear trap?
April high for BTCUSDSHORTS preceded a steep drop. Now, after formation of a symmetric cup & handle many have assumed shorts would potentially take to a new high. However, considering the latest high is lower than the previous, and shorts are now diving instead of rising at the end of what is normally considered a bullish formation, BTC shorts could easily retreat much further should they break this lower trendline support.
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